Keronite, Ze-Gen, Start Green, and various backlogged news items
- Keronite, which is using a plasma electrolytic oxidation process to improve the surface characteristics of aluminum and magnesium so they can be used in place of heavier steel, raised a GBP10.2mm private placement. The major funders included Hotbed business angels, RAB Capital, Bank of Scotland Growth Equity, Quester, Fidelity, and New Star. GBP5.5mm will be used to pay off shareholder loans and bridge financing.
- Ze-Gen, which is developing waste gassification technology, announced a $2.25mm Series A. Massachusetts Technology Development Corporation led a syndicate of investors.
- Yet another new cleantech investor on the European scene, as Start Green has been formed in the Netherlands. The firm plans to deploy 8mm euro into sustainable technology startups in the region. Fortis Venturing, Triodos Innovation Fund, and DOEN Participaties have provided the funds.
- General cleantech investor news: A lot of general "green investing is growing" articles being written in the general press right now -- here's one example... Here's another, with more of a critical take (and see Paul Kedrosky's take on his own take here)... Rosemary Ripley has joined NGEN as an EIR... Peter Fusaro sees a lot of hedge funds getting into cleantech investing...
- Watertech news: Joel Makower has some sobering thoughts...
- Solar news: DuPont is expanding their solar-related businesses... Nanosolar and Conergy are teaming up in panel design...
- Smart-grid and advanced metering: Good articles here and here... Cooper Industries is acquiring Cannon Technologies at what's been reported to be a 3.3x sales multiple and a 14x EBITDA multiple, for those of you tracking comps...
- Harbor Research unsurprisingly thinks M2M communications will continue to grow -- but the interesting thing is that energy-related applications are a major driver, no surprise to any regular reader of this site...
- Fun news: Fun "car"... More fun boat...
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